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$BASED
🚀 BASED/USDT: Time to catch the reversal? Long position approaching!
On the chart $BASED we see a classic pattern after a rapid increase. The price has corrected to key support levels, and here’s why now is a good time to consider buying:
Testing moving averages: We’ve approached MA10 and MA30 on the hourly timeframe closely. Usually, this is the zone where buyers start to show activity again.
Liquidity removal: A sharp dip to 0.17068 helped “shake out” unnecessary players. Now a base is forming for a new impulse.
Indicators: MACD is still in the bullish zone, although it’s showing signs of cooling down. This is a great opportunity to enter at a more favorable price than at the peak of 0.32.
🎯 My plan:
Entry: Current levels ( 0.170 - 0.176 )
Targets: 0.220, 0.270, and a retest of the high at 0.320+
Stop-loss: Below 0.123 ( as shown in the screenshot ), or a more aggressive level below 0.150.
Remember, this is a highly volatile market! Follow risk management. Who’s with me? 📈
#BASED #CryptoTrading #LongSignal #GateioSquare #Bullish